Re: The Pandemic's effect on the Jersey City and overall Urban Real Estate Market
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Home away from home
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I don't even know how we could be thinking about this at this juncture. The new COVID numbers in JC are still stubbornly high.
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Posted on: 2020/4/23 21:55
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Re: The Pandemic's effect on the Jersey City and overall Urban Real Estate Market
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Home away from home
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Of course only time will tell. But I think a lot of people or at least some will just want to live in less dense areas. Some will suffer long term hits to their income, forcing them to sell or go into foreclosure. After after the social distance rules are lifted, some people won't rush to be in crowded or semi crowded venues, like restaurants, bars, sporting arenas, malls, office buildings, gyms, beaches. I have to suspect all of this will have a lingering effect on the economy and the real estate market. I've been wrong before. But in this instance I would be surprised if there's a quick bounce back.
Posted on: 2020/4/16 17:33
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Re: The Pandemic's effect on the Jersey City and overall Urban Real Estate Market
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Home away from home
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I think one big difference between this and 9/11 is that after 9/11, people went back to work in NYC after a few days and the rest of the country was still working. People haven't been working in earnest in NYC or the area in at last three weeks. It's not likely that people will be returning to real work for at least 4 months and probably longer. There are other factors as well that will be at play.
Posted on: 2020/4/16 13:07
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The Pandemic's effect on the Jersey City and overall Urban Real Estate Market
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Home away from home
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In the last several years, buyers have spent top dollar on purchasing older Jersey homes, and then poured as much as $600,000 on renovations. At the same time, developers have been building condo buildings with shiny new two bedroom condos, the market for which has already been sagging. Under the pressure of the pandemic, it's likely a lot of people will leave urban areas, many people will either lose jobs, or suffer direct pay cuts, reductions in bonuses or commissions, making meeting mortgage payments a significant challenge if not impossible. Developers will have to meet the call of the banks. The likelihood of a 30% drop in real estate market values is great. In this instance, the fall won't take long. As a homeowner, I take absolutely no joy in this. Unfortunately, it's a harsh reality. The impact of this is going to have a significant effect on our local economy and the larger economy. Still new opportunities will abound. However, I believe the urban real estate market is going to take an immediate hit. Only time will tell. But from an economic stand point, I believe this will be very much like the 70s.
Posted on: 2020/4/16 1:15
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Newark Catholic Archdiocese Suspends Masses
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Home away from home
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Posted on: 2020/3/13 12:14
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Re: Enna Bakery
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Home away from home
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Was it ever full with customers? I just think that's a hard place for a business like that. There's not enough foot traffic.
Posted on: 2020/2/2 18:58
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Re: New Jersey-New York area lost 5,700 millionaires in 2018
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Home away from home
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Then who is buying up all of this real estate? I realize the real estate market in NYC and some areas of NNJ have cooled in part. But that's in part because the numbers had reached super, super stratospheric heights. Still, even with the dip, prices are high and people are still buying expensive real estate. In Asbury Park at least 20 units in the Ocean Club sold for anywhere from $1mm to $5mm. Properties in JC are still moving as are properties in the several million mark in NYC. It seems to me there's plenty of money floating around.
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Posted on: 2020/1/14 15:31
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Re: House Inspector to avoid--John Estes, Regional Home Inspection
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Home away from home
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I used DICO too. Those guys are detailed and catch every little thing. But as a buyer you have to be realistic as to what to request when looking at the report. Every little leaky faucet is not going to get repaired nor will you get a credit for it.
Posted on: 2019/12/29 14:04
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Re: JC teachers who made 99K or more in 2019
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Home away from home
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I'm 55 years old, with a BS in accounting and a practicing attorney. We're not going to attract the brightest and best by underpaying them. People cannot afford to live in this year on less than $90,000.00 . We have lost our best candidates to careers that pay more. We have to attract those people.
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Posted on: 2019/12/6 15:07
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Re: JC teachers who made 99K or more in 2019
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Home away from home
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I think $99k for a teacher's salary should be their starting salary right out of college.
Posted on: 2019/12/4 1:12
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Re: HC(JC) authorities search for hit-and-run minivan that left man in critical condition
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Home away from home
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But he moved her from the suburbs.
Posted on: 2019/11/8 15:50
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Re: HC(JC) authorities search for hit-and-run minivan that left man in critical condition
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Home away from home
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This is the problem with the suburbanites moving into JC. They come in with their minivan, their SUVs and their sense of entitlement. They don't know how to drive in urban environments and someone gets hurt.
Posted on: 2019/11/8 15:00
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Re: Support and Survival of the Arts in Jersey City
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Home away from home
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While I'm not intimately familiar with this issue, I feel constrained to say, MartinM is a very good writer. I hope you can use your talents to advance your concerns. All the best. Quote:
Posted on: 2019/11/5 1:20
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Re: Statute of Blessed Mother in front of St. Michael's Church was Desecrated
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Home away from home
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Fr. Quinn handled the situation very well and he addressed it appropriately at Mass.
Posted on: 2019/9/18 14:36
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Re: Another trendy JC restaurant is closing.
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Home away from home
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I have only had drinks and apps there. I sorta liked the location because it looks out over the Hudson to the City. I would have thought that may have made it appealing enough to keep people coming in. However, like me I suppose a lot of people don't think of making the treck over there just to eat some wings while looking at the water. Candidly, I didn't think of it often. I love over in Hamilton Park and like a lot of people sorta prefer places that are walking distance. Sorry to hear a business close. People put a lot of money and effort into it.
Posted on: 2019/9/17 15:28
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Statute of Blessed Mother in front of St. Michael's Church was Desecrated
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Home away from home
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I personally think this should be treated as a hate crime:
https://www.nj.com/hudson/2019/09/shoc ... Oy7guaBWeQPXvHotP2Ko64NJ8
Posted on: 2019/9/15 13:59
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Re: The Top 28 Breakfast and Brunch Spots in Jersey City and Hoboken
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Home away from home
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This list is just a haphazardly collected names. No thought has been put into this list.
Posted on: 2019/7/31 1:14
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Re: Dixon Leasing renovated Fulop's Ogden home for free.
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Home away from home
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This is both a stupid article and thread. First, let's start with the over all contract price of $485,000.00. From what I gather from my downtown neighbors that's about the typical cost of the gut renovation of a brownstone. Of course that depends on a few variables, but for the most part this is the about the number people are saying that they are paying. Furthermore, we have no idea whether there were change orders made after the original contract nor how much Fulop ultimately paid them in the end. It's rather common for these projects to go over. This article explains none of that. So as I've said both the article and the thread are entirely stupid. Please, go back to drinking or napping and whatever it is you do to keep the blood from flowing to your brain.
Posted on: 2019/6/18 19:56
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Re: Flat Home Values Spur Rental Demand During Hudson County’s First Quarter
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Home away from home
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With all of the excessive building of rentals, there's a glut of rentals. All of the new buildings are offering a few months free and no realtor fee. The rental market is soft for sure.
Posted on: 2019/5/23 18:55
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Re: Snyder High School Class of 1969 50th Reunion
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Home away from home
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I hope you guys get a great turn out. Good luck and congratulations!! Nothing like old friends.
Posted on: 2019/4/8 23:47
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Re: Recommendations & Advice - Gut Renovation of Brownstone (one floor)
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Home away from home
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Good luck to you. The really good general contractors seem to be too busy and not really available for awhile. There are a lot of handymen or contractors who have traditionally had only one focus that have recently started holding themselves out as general contractors. My next door neighbors used "On Time Construction" or something like that. Their demo guy stole from my neighbors and the general contractor woefully underperformed after taking a lot of money. As it turned out this particular contractor had previously only done bathrooms and kitchens.
When hiring a general contractor, get three bids. Get four references that you could speak to. Get a detailed scope of work in writing. Make sure the scope of work has set time lines and miles tones of when work is to be complete with an associated payment schedule. The contract for work should have a provision for penalties for not completing on time. Good luck to you.
Posted on: 2019/3/28 12:07
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Re: Chicago Church, Father Paul and Jersey City
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Home away from home
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It would be constitutionally offensive to take away the statute of limitations. There are alleged defendant's who are dead. How can they defend themselves or be adequately represented? It's incredibly unfair. We still believe in the "innocent until proven guilty" doctrine. A lot of people make false allegations.
Posted on: 2019/2/14 15:59
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Re: Chicago Church, Father Paul and Jersey City
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Home away from home
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Of those on the list:
34 are dead 32 have been permanently removed from ministry. Of those 12 have only one allegation against them. Certainly, one is too many. But again, these are only allegations. Credible, means it's something that COULD happen, not something that did happen. It seems to me based upon the numbers that have been removed from ministry, the Newark Archdiocese actually acted on the claims when they were really credible. There is nothing in the report to suggest that any or which of the alleged instances of abuse occurred in Hudson Co. or Jersey City. It's important to read critically, if you have the heft to do so.
Posted on: 2019/2/13 16:39
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Re: The SUV Phenomenon
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Home away from home
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Dude, pack up your SUV and your wife's van and move to Maplewood or better yet Whitehouse Station!!
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Posted on: 2019/2/11 17:47
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Re: The SUV Phenomenon
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Home away from home
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I supposed I've surmised it's a suburban mentality thing, because suburban people have driveways, have more of a need to drive around and particularly across highways to other suburbs to meet up with their other suburban friends or go to their jobs in other suburban towns, take their suburban children to their travel sports and play dates. So all of this driving makes them feel they need what they falsely perceive or ostensibly persuade themselves to be a "safer" vehicle.
When I first moved downtown 18 years ago from J. Sq where i lived for 10 years, those people who had cars, mostly had hatchback kinda cars or smaller jeepish kinda cars. These people were more artist types who needed to tote their work around. It's in more recent years that I've seen more Hummers, stupid utility vehicles, large vans etc. So, I've imputed a suburban take on it. Quote:
Posted on: 2019/2/10 18:09
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Re: The SUV Phenomenon
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Home away from home
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In my earlier post I made it clear I was distinguishing between bigger SUVs mostly crossovers like the Acura RDX, Mazda CX5 etc and the huge SUVs like Hummers, utility trucks, vans etc.
But your need to defend your position on the SUV thing, suggests you should probably move to Montclair or Maplewood. Quote:
Posted on: 2019/2/9 13:12
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Re: The SUV Phenomenon
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Home away from home
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Anyone who voluntarily wants to own a huge car is free to pay to park it in a garage somewhere if they want. But owning a huge car in a city is ridiculous. It's a very, very suburban mentality. And it exacerbates the parking problem. And it's just plain out stupid.
Posted on: 2019/2/7 21:15
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Re: The SUV Phenomenon
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Home away from home
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Owners of large SUV's should have to pay $1,500 a year for their residential parking stickers. Owners of commercial vehicles should have to pay $4,000.00 a year for a residential parking sticker
Posted on: 2019/2/7 16:34
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Re: The SUV Phenomenon
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Home away from home
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I imagine those accident reportings are either national or state wide. New cars have a host of safety features regardless of size of cars. Urban living warrants using more mini cars. We're not living in Berkley Heights here. Though newer constituents think they still do. When I ever i see a man in a huge SUV, I just assume small penis. Whenever I see a woman in a huge SUV I assume her husband has a small penis.
I imagine the same people in JC who drive huge SUVs and other utility vehicles also want to lobby for a Bennigans and Houlihans as well as more high chairs in restaurants and sports bars.
Posted on: 2019/2/2 14:34
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